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For NEFT transfers initiated from access points, India Post Payments Bank charges a fee of Rs 2.5-25 per transaction from its customers, according to its website - ippbonline.com. NEFT, RTGS and IMPS are payments platforms that enable instant money transfer - also known as wire transfer - from one bank account to another through computer systems.

The four kinds of bank accounts at IPPB come with different features, such as limits on withdrawals, balance requirements and charges for non-compliance with those requirements. India Post Payments Bank - which started its countrywide operations in September 2018 - provides interest at the rate of 4 per cent on balance in all three kinds of savings...

Public sector banking majors, such as State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda, pay interest to the tune of 5-7.35 per cent to senior citizens on term deposits - or fixed deposits - of up to Rs 1 crore. Investment in FD in the same category by senior citizens fetches a return of 4-8 per cent in their private sector p...

Customers willing to invest in State Bank of India (SBI) reinvestment scheme need to pay a minimum of Rs 1,000. There is no maximum limit for deposits under SBI's reinvestment plan. The interest rate is same as applicable to SBI's fixed deposits with quarterly compounding. Interest is paid out on maturity only, according toSBI.

Post Office Saving Schemes: India Post Payments Bank gives the customer an option to link his or her Post Office Savings Accounts - from the post office savings schemes portfolio - with the regular and basic savings accounts. A Post Office Savings Account is one of the nine savings schemes offered by India Post, through its network of more than 1.5...